Money How this Indiana couple stole $1.5 million from Amazon

05:32 08 june 2018

05:32 08 june 2018 Source:
cnbc.com

Ontario couple arrested after possible motel birth

EDMUNDSTON, N.B. - RCMP say an Ontario couple has been arrested after a newborn baby was possibly delivered in a motel room in rural New Brunswick. Cpl. Jullie Rogers-Marsh said today that the couple and baby were found in Edmundston on Monday evening following a public appeal regarding their whereabouts. Police say the baby was taken to the hospital for observation, while the couple is to appear in court this afternoon on charges related "to care Cpl. Jullie Rogers-Marsh said today that the couple and baby were found in Edmundston on Monday evening following a public appeal regarding their whereabouts.

On Monday, a U.S. District Court judge sentenced a Muncie, Indiana married couple to nearly six years in prison apiece for stealing more than $ 1 .2 million in consumer electronics from e-commerce giant Amazon .

On Monday, a U.S. District Court judge sentenced a Muncie, Indiana married couple to nearly six years in prison apiece for stealing more than $1.2 million (C$1.5 million) in consumer electronics from e-commerce giant Amazon.

Quotes in the article

Amazon.com Inc

AMZN

A Hong Kong couple bought a single parking space for &dollar;560,000 and flipped it for &dollar;989,000 in just 9 months

<p>A single parking space in Hong Kong that was bought for C&dollar;560,000 less than a year ago was just resold for HK&dollar;6 million (C&dollar;989,000), setting a new property world record.</p>The parking space at the luxury Ultima project located in the Kowloon district was initially bought in September 2017 by a local couple for HK&dollar;3.4 million (&dollar;560,000), according to land registry documents seen by the South China Morning Post.

On Monday, a U.S. District Court judge sentenced a Muncie, Indiana married couple to nearly six years in prison apiece for stealing more than $ 1 .2 million

You are using an older browser version. Please use a supported version for the best MSN experience. How an Indiana couple stole $ 1 .2 million from Once Amazon would comply, the Finans then sold the stolen merchandise to an accomplice, Danijel Glumac, 29, who sold the items to an entity in New

▼

1,689.30

-6.45

-0.38%

Microsoft Corp

MSFT

▼

100.88

-1.61

-1.57%

Apple Inc

AAPL

▼

193.46

-0.52

-0.27%

It's the end to a con that Joseph and Leah Jeanette Finan, both 38, had been perpetrating for years.

"Their Amazon scheme was their 'job,'" the federal government said of the Finans in its press release. "Fraud had become a way of life."

Between 2014 and 2016, the Finans created hundreds of fake online identities and Amazon accounts. They then used them to order more than 2,700 electronics products — GoPro digital cameras, Microsoft Xboxes, Apple Macbooks, Microsoft Surface tablets and more, federal authorities said in a press release announcing their sentencing.

After ordering the products, the Finans would tell the company that the products had arrived damaged or that they did not work.

Shakira and Gerard Pique's Barcelona home robbed

Shakira and her soccer star boyfriend Gerard Pique's home in Barcelona, Spain, was raided by thieves on Wednesday (June 6).&nbsp;The burglars targeted the couple's home in Esplugues de Llobregat, a wealthy area of the city, in the early hours of the morning and stole valuables including watches and jewellery, according to Spanish newspaper El Mundo.

On Monday, a U.S. District Court judge sentenced a Muncie, Ind., married couple to nearly six years in prison apiece for stealing more than $ 1 .2 million in consumer electronics from e-commerce giant Amazon .

How this young Indiana couple stole $ 1 . 2 million from Amazon - www.cnbc.com. — A couple from Indiana has admitted to stealing $ 1 . 2 million in merchandise from Amazon .

Amazon's famously friendly customer service policy allows customers to "receive a replacement before they return a broken item," in some cases, according to a release from the U.S. Attorney's Office, Southern District of Indiana.

So the Finans would ask Amazon to send replacement products at no charge. Once Amazon would comply, the Finans then sold the stolen merchandise to an accomplice, Danijel Glumac, 29, who sold the items to an entity in New York that would sell the products to the public.

In total, the full value of the stolen consumer electronics reached $1.2 million in a little over two years. The Finans netted roughly $750,000 from the scheme in that period, the government said. Glumac made roughly $500,000 as the middle-man selling the items.

But "Amazon closely monitors customers' accounts and orders for possible fraudulent activity," according to the U.S. Attorney's press release.

There’s one thing people appear reluctant to buy on Amazon

A new survey reveals how Amazon shoppers compare to other online consumers.AMZN

A couple from Munice, Indiana have admitted stealing more than $ 1 .2 million from Amazon , using the company's returns system as well as a network How police are using corpses to unlock phones. Engadget. NSA triples metadata collection numbers, sucking up over 500 million call records in 2017.

On Monday, a U.S. District Court judge sentenced a Muncie, Ind., married couple to nearly six years in prison apiece for stealing more than $ 1 .2 million in consumer electronics from e-commerce giant Amazon .

Eventually the Finans' con was discovered, and each pleaded guilty to charges of mail fraud and money laundering in October 2017. Glumac pleaded guilty to money laundering and fencing the stolen items was sentenced to two years in prison.

The three defendants were also ordered to pay back the more than $1.2 million they made from the scheme.

Amazon now appears to be cracking down on fraud around its easy return policy, at least based on recent reports.

In May, The Wall Street Journal wrote about Amazon customers who have had their accounts closed by the company, including one who claimed he had only returned one item this year after returning four in 2017. (Amazon later reinstated his account.)

"According to former Amazon managers, the company terminates accounts for behaviors including requesting too many refunds, sending back the wrong items or violating other rules, such as receiving compensation for writing reviews. Cases are typically evaluated by a human after algorithms surface the account as suspicious," the Wall Street Journal reports.

Amazon accused of poor working conditions at supplier factory

The factory is owned by Foxconn, which also makes Apple’s iPhones.Workers putting together Echo speakers and Kindles among other Amazon products are subjected to work over 100 hours of overtime every month in exchange for low pay at the firm's facility in Hengyang, China, according to New York-based labour watchdog China Labor Watch on Sunday. In one instance, workers worked 14 consecutive days during peak season.

How this young Indiana couple stole $ 1 . 2 million from Amazon - www.cnbc.com. — A couple from Indiana has admitted to stealing $ 1 . 2 million in merchandise from Amazon .

On Monday, a U.S. District Court judge sentenced a Muncie, Indiana married couple to nearly six years in prison apiece for stealing more than $ 1 .2 million in consumer electronics from e-commerce giant Amazon .

An Amazon spokesman told The Wall Street Journal that the bans are sometimes enforced because "there are rare occasions where someone abuses our service over an extended period of time." The company also encouraged customers to contact Amazon if they believe their account was closed by mistake.

In 2016, The Guardian also reported that Amazon had been cancelling the accounts of customers who returned a suspicious number of items over a given period of time for several years.

Check out MSN Currency Converter here

Don't Miss:

This Amazon security guard launched his own barbecue sauce business on Amazon — and Jeff Bezos tried it

Like this story? Like CNBC Make It on Facebook!

Your browser does not support this video

Tecumseh couple wins $1M on Lotto MAX ticket .
Michael and Rosalie Hebert of Tecumseh join the short list of people in the region who have won a million dollars on a Maxmillions number for Lotto MAX.The Tecumseh couple received the money thanks to the Lotto Max draw of May 25. They were the only million-dollar winners among those who purchased that date’s Maxmillions tickets.

— Share news in the SOC. Networks

Topical videos:

Couple Admits to Scamming Amazon Out of $1.2 Million

According to the Department of Justice Monday, a couple in Muncie, Indiana scammed the online retail giant Amazon out of $1.2 million worth of electronics.

Amazon theft arrests

Three people have been arrested for a scam that hit Amazon for more than a million dollars.

Similar from the Web

How this young Indiana couple stole $ 1 .2 million from Amazon - www.cnbc.com

On Monday, a U.S. District Court judge sentenced a Muncie, Indiana married couple to nearly six years in prison apiece for stealing more than $ 1 .2 million in consumer electronics from e-commerce giant Amazon .

How this Indiana couple stole $ 1 .2 million from Amazon - finance.yahoo.com

"Their Amazon scheme was their 'job,'" the federal government said.

How One Couple Stole $ 1 .2 Million From Amazon | CNBC Make It. - www.youtube.com

On Monday, a U.S. District Court judge sentenced a Muncie, Indiana married couple to nearly six years in prison apiece for stealing more than $ 1 .2 million

How an Indiana couple stole $ 1 .2 million from Amazon - www.msn.com

You are using an older browser version. Please use a supported version for the best MSN experience. How an Indiana couple stole $ 1 .2 million from Once Amazon would comply, the Finans then sold the stolen merchandise to an accomplice, Danijel Glumac, 29, who sold the items to an entity in New

How an Indiana couple stole $ 1 .2 million from Amazon - www.msn.com

On Monday, a U.S. District Court judge sentenced a Muncie, Ind., married couple to nearly six years in prison apiece for stealing more than $ 1 .2 million in consumer electronics from e-commerce giant Amazon .

How this young Indiana couple stole $ 1 . 2 million from Amazon - www.cnbc.com. — A couple from Indiana has admitted to stealing $ 1 . 2 million in merchandise from Amazon .

Couple steals $ 1 .2 million from Amazon just using returns - finance.yahoo.com

A couple from Munice, Indiana have admitted stealing more than $ 1 .2 million from Amazon , using the company's returns system as well as a network How police are using corpses to unlock phones. Engadget. NSA triples metadata collection numbers, sucking up over 500 million call records in 2017.

How an Indiana couple stole $ 1 .2 million from Amazon - www.msn.com

On Monday, a U.S. District Court judge sentenced a Muncie, Ind., married couple to nearly six years in prison apiece for stealing more than $ 1 .2 million in consumer electronics from e-commerce giant Amazon .

How this young Indiana couple stole $ 1 . 2 million from Amazon - www.cnbc.com. — A couple from Indiana has admitted to stealing $ 1 . 2 million in merchandise from Amazon .

How this Indiana couple stole $ 1 .2 million from Amazon - www.msn.com

On Monday, a U.S. District Court judge sentenced a Muncie, Indiana married couple to nearly six years in prison apiece for stealing more than $ 1 .2 million in consumer electronics from e-commerce giant Amazon .

Turks are bracing for more financial turmoil. Economists warn that the problem is broader and deeper than a spat with the United States.ISTANBUL — President Recep Tayyip Erdogan has long made clear that he considered no part of Turkish life beyond his reach, not least the […]

The latest numbers from the Canadian Real Estate Association will offer clues on whether falling sales will translate into price declines.The Canadian real estate industry is used to disregarding gloomy […]

Mark Cuban owns just a handful of stocks and 'a whole lot of cash' because he's worried about the stock market."I'm down to maybe four dividend-owning stocks, two shorts, and Amazon and Netflix. I've got a whole lot of cash on the sidelines," Cuban said on "Fast Money Halftime […]

Many experts predicted that Ontario's hefty minimum wage hike to $14 an hour at the start of this year would harm the province's job creation. TD Bank issued a study suggesting the move could cost the province some 90,000 jobs. Industry group Restaurants Canada warned the wage […]

Warren Buffett is still finding new places to invest decades after he started, even though his basic approach of finding businesses selling for less than they are worth hasn't changed much.&nbsp;Buffett resisted investing in tech companies for years because he didn't think he […]

Employees at a call centre in Sydney were up in arms on Friday after paycheques were late for the third time in a row. More than a dozen workers milled around outside the Servicom building, checking their phones to see if their pay had gone through.Some went home, some logged in to work […]

TORONTO - A new board of directors has been appointed to Hydro One Ltd. just over a month after its chief executive retired and the entire board resigned en masse.&nbsp;&nbsp;Ten new board members were named as replacements for Hydro One's previous 14-member board, which resigned […]